- XM serves over 20 million clients and operates through regulated entities including CySEC, DFSA, FSCA, FSC/FSA and CMA jurisdictions
- Account registration requires basic personal information, ID verification, and proof of address
- The minimum deposit starts at $5, making XM accessible to beginners with limited capital
- New accounts may be eligible for a welcome deposit bonus to start trading with less personal capital where regulation permits
Regulated Global Broker Trusted by 20M+ traders — open your account in minutes
- Trade 1,400+ instruments
- Country-based bonus offers where eligible
- MT4 & MT5 available
- Easy deposits and withdrawals
- Leverage up to 1000:1, where available
- Copy Trading: auto-copy expert strategy managers
July 2026 XM consistency note: XM details can vary by country and legal entity. Current official XM pages list 8 group licenses, 1,400+ global assets, MT5/WebTrader/app access, and public promotions such as Refer a Friend and monthly competitions; welcome/deposit bonus tiles must be verified inside the live XM Members Area because eligibility depends on country, entity, KYC status and account type.
June 2026 field note: XM details can vary by country and legal entity. Before following this guide, compare the current signup or Members Area wording with the points below, especially account type, bonus and withdrawal conditions.
What is XM?#
XM is a multi-licensed Forex and CFD broker founded in 2009, serving over 20 million clients worldwide. Its group entities include CySEC, DFSA, FSCA, FSC/FSA and CMA-regulated jurisdictions.
XM at a Glance#
| Feature | Detail |
|---|---|
| Regulation | CySEC, DFSA, FSCA, FSC/FSA, CMA Kenya and BVI FSC entities |
| Instruments | 1,400+ (Forex, stocks, commodities, crypto CFDs) |
| Spreads | From 0.6 pips (Ultra Low) |
| Min Deposit | $5 |
| Islamic Account | Available (swap-free on all instruments) |
| Support | 24/5 multilingual live chat |
Step 1: Fill Registration Form#
Visit XM's official website and click Get Started in the top-right corner. The signup form loads in the same window — no separate page or app required.
The registration form asks for four fields up front: country of residence, email, password, and an optional partner code. Use a country that matches your real proof-of-address — XM's KYC team rejects mismatches between selected country and uploaded utility bill.
FXTRD if you want to attribute your account to ForexTradeLab — see our partner code guide for details.Third-party videos (independent creators)#
The clips below are from independent YouTube creators, not XM’s official channel. They may include promotions or steps that do not apply in your country; screens and forms change over time. Treat our written steps and XM’s live website as the source of truth.
Register walkthrough
Open account walkthrough
Step 2: Choose Account Type#
- Micro Account: Min $5, 1 micro lot (1,000 units)
- Standard Account: Min $5, 1 standard lot (100,000 units)
- Ultra Low Account: Lower spreads, min $5 in most regions
Micro Account is recommended for beginners. For a full breakdown of how spreads, commissions and swaps differ across these accounts, see our XM spreads, fees and commissions guide.
Step 3: Identity Verification#
- ID Document: National ID, driver's license or passport
- Proof of Address: Recent utility bill or bank statement
Verification typically completes within 24 hours.
Step 4: Download Platform#
XM supports MetaTrader 4 and MetaTrader 5 platforms.
Step 5: Claim Your Deposit Bonus#
After verification, the welcome deposit bonus is automatically credited to your account.
Step 6: Make Your First Trade#
- Select a pair to trade (e.g. EUR/USD)
- Set lot size (0.01 lot for beginners)
- Enter Stop Loss and Take Profit levels
- Click Buy or Sell
Tip: We strongly recommend practicing on a demo account for at least 1 month before depositing real money.
Education-first next step: practise on demo, calculate your risk per trade, then review the current XM account, bonus and withdrawal terms before opening or funding a live account. Check XM terms only after you understand the risks; eligibility depends on your country, legal entity and live campaign rules.
Comments 2
Followed this guide step by step and had my account verified within 24 hours. The only hiccup was the address verification — my utility bill was in my landlord's name, so I had to use a bank statement instead. Maybe add a note about what to do if your utility bills are not in your own name.
One update needed: the screenshots in the guide show a slightly older version of the XM registration page. The current layout has the account type selection on a different step than shown here. The process is the same but the visual mismatch might confuse first-time users who are following along screen by screen.
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